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November Monthly Skinny Video

December 27, 2021 by Jim Emond

Months’ supply of inventory was down 21.4 percent since last year at 1.1 months. That’s well below the 5 months that’s considered balanced. Percent of List Price Received at Sale remained at 100.7 percent since last year.

Filed Under: Monthly Skinny Video

October Monthly Skinny Video

November 22, 2021 by Jim Emond

Months’ supply of inventory was down 23.5 percent to 1.3 months. A balanced market is about 5-6 months of supply. 1.3 months of supply indicates a pretty extreme sellers’ market.

Filed Under: Monthly Skinny Video

Mortgage Rates Drop Below Three Percent Again

November 11, 2021 by Jim Emond

November 10, 2021
Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week. These low mortgage rates, combined with the tailwind of first-time homebuyers entering the market, means that purchase demand will remain strong into next year. However, affordability pressures continue to be an ongoing concern for homebuyers.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

September Monthly Skinny Video

October 25, 2021 by Jim Emond

There are some signs of a potential market shift, even though both new and active listings are down compared to last year and sales are up compared to 2019.

Filed Under: Monthly Skinny Video

August Monthly Skinny Video

September 23, 2021 by Jim Emond

In new construction, home builders continue to struggle to meet buyer demand, as housing starts nationwide dropped 7% last month, according to the Commerce Department.

Filed Under: Monthly Skinny Video

July Monthly Skinny Video

August 26, 2021 by Jim Emond

Filed Under: Monthly Skinny Video

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